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Contingent Consideration (BPP Q11 Robby)

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Contingent Consideration (BPP Q11 Robby)

  • This topic has 1 reply, 2 voices, and was last updated 1 year ago by Stephen Widberg.
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  • June 20, 2024 at 5:14 pm #707470
    Luna777
    Participant
    • Topics: 7
    • Replies: 6
    • ☆

    Hi Stephen,

    When adjusting the CSOFP, why is the amount added to NCL $40m, instead of $42m?

    As the contingent consideration has not been accounted for in Robby’s individual FS at acqn, and has been adjusted to $42m at y/e, I believe $42m should be added back.

    Thank you very much!

    June 21, 2024 at 8:20 am #707489
    Stephen Widberg
    Keymaster
    • Topics: 16
    • Replies: 3416
    • ☆☆☆☆☆

    Date of acquisition

    Use FV at that date 40

    SFP date

    As consideration is in CASH as opposed to SHARES, it must be remeasured – Dr P&L Cr Liability 2 – no impact on goodwill – regular liability accounting

    🙂

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